FMG was in breach of covenants not long ago. Their brilliant solution was to find a new lender and write in friendly covenants. Not sure if DML can achieve the same solution.
One can speculate that the banks will appoint an administrator and he/she will sell the main asset pay the bank and leave shareholders with what is left over.
Now the banks would not do that, would they?
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FMG was in breach of covenants not long ago. Their brilliant...
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